BNSF boosts revenue, profit on higher volume in Q3

BNSF Railway's third-quarter 2025 revenue rose 2% to $6 billion, net income climbed 5% to $1.4 billion and volume rose 1% compared with financial and operating results in Q3 2024, the Class I reported on its website. 

Average revenue per car/unit increased 1% in Q3 due to core pricing gains, BNSF officials said.

In Q3 2025 compared to year-ago results, BNSF's revenue changes were affected by the following:
• consumer products volume rose 2% primarily due to higher intermodal shipments resulting from increased West Coast imports and increased automotive volume from higher vehicle production;
• agricultural and energy products volume increased slightly primarily due to slightly higher grain exports, partially offset by lower domestic grain and feed shipments;
• industrial products volume decreased 2% mostly due to lower demand for construction products and lower petroleum products shipments; and
• coal volume fell 2% due to mine production challenges.

BNSF improved its operating ratio during the quarter to 64.1% from 65.1% in Q3 2024.